Written by Euro Trapani
For POCKET SIZES MULTINATIONALS (shortly PSMs), we mean international groups with a turnover in the range between 300 million US$ and to 2 billion US$, with a footprint of manufacturing sites, R&D centers, business models distributed around the world and a turnover realized abroad of at least 50 %.
These groups are quite often located with corporates in small medium countries and they were “forced” to proceed with this kind of strategy having a limited domestic market, in order to have success in their businesses. Some of them have the weakness to have the corporate in countries considered risky and/ or with poor macroeconomic situation. This is particularly true in Europe for Italian and Spanish groups.
In this scenario Switzerland understood these epoch/making changes and is moving and will move in the coming years,
a) from one side omologating itself as an attractive tax country, but not anymore as a tax haven, but opening the doors to a new kind of “customers”;
b) from the other side leveraging on its secular reliability, offered as a “kind of service”, particularly appreciated in risky environments